New Credit Card Rules

The Federal Reserve's new rules for credit card companies mean new credit card protections for you.
These regulations implement the Credit Card Accountability, Responsibility, and Disclosure Act (the Credit Card Act).

Here are some key changes that were effective February 22, 2010:
http://www.federalreserve.gov/consumerinfo/files/wyntk_ccrules.pdf

More new rules were effective August 22, 2010:
http://www.federalreserve.gov/consumerinfo/files/wyntk_ccrules2.pdf

Instructions:

1. Review both articles above and type a summary (in Word) including a description of the key points. Hand in your summary.
2. Using the Discussion tab above, comment on how this new law will affect you now or in your future.
3. Comment on at least one other student's discussion.